Word: threatenings
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...like Senator Jesse Helms take over the G.O.P.'s foreign policy and defense strategy, riling allied countries with their nativism and voters with their disrespect for the Commander in Chief. Then the G.O.P.'s attempts to deliver on the tax cuts and other promises of the "Contract with America" threaten to aggravate the budget deficit, sending stock markets into a downward spiral. In the end, G.O.P. extremists drive their party so far to the right that their new coalition splinters. And the Democrats dream...
...Japanese company hopes to renegotiate the $1.3 billion mortgage it acquired in 1989. (That was the heady period when another Japanese firm, the Minoru Isutani Group, acquired California's famous Pebble Beach golf course for $840 million, which it sold at a 40% loss two years ago.) Mitsubishi threatened to default on its loan last week, which some analysts say was a calculated move. "They're figuring out that the way to get the banks to listen to them is to threaten bankruptcy," says a New York real estate analyst...
...percentage point, the sixth hike this year, and the largest in 13 years. Several major money center banks immediately responded by raising prime lending rates to a three-year high of 8.5 percent. Economists and business leaders said the Fed action undermines a thriving U.S. economy and could threaten continuing economic growth by slowing consumer spending. But other economic observers said the rate hike could assure the economy of a soft landing at the end of the current economic cycle, limiting the impact of roller-coaster economic growth. (See MONEYWATCH at end of Time Daily for the cuts' impact...
...been critical enough of the media coverage of the O.J. Simpson case to threaten to pull cameras from his courtroom, is appearing as himself in a five-part interview series on Los Angeles station KCBS-TV. Ito is not discussing the Simpson case, but instead focusing on his life history and views on the judicial system. Today, prospective alternate jurors, asked about pre-trial publicity, commented on a promo for the Ito package. ?Well, it?s sweeps week,? Ito said. Some legal analysts were critical of Ito?s participation, suggesting that he might consider adhering to his own admonitions about press...
...worried that Iraq's Kurds would form an independent nation and incite Turkey's own 10 million Kurds to rebellion. But the larger fear was an extension of Tehran's influence via the establishment of an Islamic fundamentalist state carved from southern Iraq. That entity, bordering Kuwait, would threaten all the gulf emirates and the oil-rich eastern province of Saudi Arabia. Which is why, as Cheney says, leaving Saddam in Iraq is "messy" but removing him might be "worse...